View Financial HealthAFMA 배당 및 자사주 매입배당 기준 점검 3/6AFMA 수익으로 충분히 충당되는 현재 수익률 5% 보유한 배당금 지급 회사입니다.핵심 정보5.0%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-30.1%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향85%최근 배당 및 자사주 매입 업데이트Declared Dividend • Aug 22Dividend increased to د.م60.00Dividend of د.م60.00 is 9.1% higher than last year. Ex-date: 8th September 2025 Payment date: 17th September 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has decreased over the past 7 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Aug 27Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 03 September 2024. Payment date: 12 September 2024. Payout ratio and cash payout ratio are on the higher end at 92% and 95% respectively. Trailing yield: 4.4%. Within top quartile of Moroccan dividend payers (4.2%). Higher than average of industry peers (3.8%).Upcoming Dividend • Aug 21Upcoming dividend of د.م55.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 06 September 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.6%).Upcoming Dividend • Jul 05Upcoming dividend of د.م54.00 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 21 July 2022. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.4%).Upcoming Dividend • Aug 09Upcoming dividend of د.م47.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 26 August 2021. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (5.0%). Higher than average of industry peers (2.9%).모든 업데이트 보기Recent updates공시 • May 21AFMA S.A., Annual General Meeting, Jun 23, 2026AFMA S.A., Annual General Meeting, Jun 23, 2026. Location: 22 bd moulay youssef, casablanca MoroccoNew Risk • May 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.New Risk • Mar 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.Board Change • Feb 23Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Oct 01New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2024 fiscal period end). Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change).Declared Dividend • Aug 22Dividend increased to د.م60.00Dividend of د.م60.00 is 9.1% higher than last year. Ex-date: 8th September 2025 Payment date: 17th September 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has decreased over the past 7 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • May 09AFMA S.A., Annual General Meeting, Jun 11, 2025AFMA S.A., Annual General Meeting, Jun 11, 2025.New Risk • Apr 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (68% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).Board Change • Feb 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).Upcoming Dividend • Aug 27Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 03 September 2024. Payment date: 12 September 2024. Payout ratio and cash payout ratio are on the higher end at 92% and 95% respectively. Trailing yield: 4.4%. Within top quartile of Moroccan dividend payers (4.2%). Higher than average of industry peers (3.8%).공시 • May 14AFMA S.A., Annual General Meeting, Jun 11, 2024AFMA S.A., Annual General Meeting, Jun 11, 2024.Reported Earnings • May 03Full year 2023 earnings released: EPS: د.م60.00 (vs د.م59.32 in FY 2022)Full year 2023 results: EPS: د.م60.00 (up from د.م59.32 in FY 2022). Revenue: د.م258.8m (up 6.2% from FY 2022). Net income: د.م60.0m (up 1.1% from FY 2022). Profit margin: 23% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (122% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Aug 21Upcoming dividend of د.م55.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 06 September 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.6%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 03First half 2022 earnings released: EPS: د.م36.74 (vs د.م33.73 in 1H 2021)First half 2022 results: EPS: د.م36.74 (up from د.م33.73 in 1H 2021). Revenue: د.م134.6m (up 15% from 1H 2021). Net income: د.م36.7m (up 8.9% from 1H 2021). Profit margin: 27% (down from 29% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.Upcoming Dividend • Jul 05Upcoming dividend of د.م54.00 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 21 July 2022. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.4%).Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 09Upcoming dividend of د.م47.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 26 August 2021. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (5.0%). Higher than average of industry peers (2.9%).Is New 90 Day High Low • Feb 12New 90-day high: د.م1,163The company is up 14% from its price of د.م1,020 on 13 November 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period.Is New 90 Day High Low • Jan 18New 90-day high: د.م1,132The company is up 9.0% from its price of د.م1,040 on 20 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 14% over the same period.Is New 90 Day High Low • Jan 01New 90-day high: د.م1,116The company is up 11% from its price of د.م1,005 on 02 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 11% over the same period.Is New 90 Day High Low • Dec 15New 90-day high: د.م1,050The company is up 4.0% from its price of د.م1,005 on 15 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period.Is New 90 Day High Low • Oct 06New 90-day high: د.م1,045The company is up 4.0% from its price of د.م1,004 on 08 July 2020. The Moroccan market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period.Reported Earnings • Oct 05First half earnings releasedOver the last 12 months the company has reported total profits of د.م46.2m, down 13% from the prior year. Total revenue was د.م196.3m over the last 12 months, up 3.0% from the prior year.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 배당금 지급이 안정적인 반면, AFM 은(는) 배당금을 지급한 지 10년도 채 되지 않았습니다.배당금 증가: AFM 의 배당금 지급이 증가했지만 회사는 8 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장AFMA 배당 수익률 vs 시장AFM의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (AFM)5.0%시장 하위 25% (MA)2.0%시장 상위 25% (MA)4.7%업계 평균 (Insurance)3.1%분석가 예측 (AFM) (최대 3년)n/a주목할만한 배당금: AFM 의 배당금( 5% )은 MA 시장에서 배당금 지급자의 하위 25%( 1.99% )보다 높습니다.고배당: AFM 의 배당금( 5% )은 MA 시장( 4.66% )주주 대상 이익 배당수익 보장: 현재 지불 비율 ( 84.9% )에서 AFM 의 지불은 수입으로 충당됩니다.주주 현금 배당현금 흐름 범위: 배당금 지급이 현금 흐름에 의해 충당되는지 판단하기 위해 AFM 의 현금 지급 비율을 계산하기에는 데이터가 부족합니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YMA 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 23:42종가2026/05/08 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스AFMA S.A.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Declared Dividend • Aug 22Dividend increased to د.م60.00Dividend of د.م60.00 is 9.1% higher than last year. Ex-date: 8th September 2025 Payment date: 17th September 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has decreased over the past 7 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Aug 27Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 03 September 2024. Payment date: 12 September 2024. Payout ratio and cash payout ratio are on the higher end at 92% and 95% respectively. Trailing yield: 4.4%. Within top quartile of Moroccan dividend payers (4.2%). Higher than average of industry peers (3.8%).
Upcoming Dividend • Aug 21Upcoming dividend of د.م55.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 06 September 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.6%).
Upcoming Dividend • Jul 05Upcoming dividend of د.م54.00 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 21 July 2022. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.4%).
Upcoming Dividend • Aug 09Upcoming dividend of د.م47.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 26 August 2021. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (5.0%). Higher than average of industry peers (2.9%).
공시 • May 21AFMA S.A., Annual General Meeting, Jun 23, 2026AFMA S.A., Annual General Meeting, Jun 23, 2026. Location: 22 bd moulay youssef, casablanca Morocco
New Risk • May 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.
New Risk • Mar 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.
Board Change • Feb 23Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Oct 01New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2024 fiscal period end). Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change).
Declared Dividend • Aug 22Dividend increased to د.م60.00Dividend of د.م60.00 is 9.1% higher than last year. Ex-date: 8th September 2025 Payment date: 17th September 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has decreased over the past 7 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • May 09AFMA S.A., Annual General Meeting, Jun 11, 2025AFMA S.A., Annual General Meeting, Jun 11, 2025.
New Risk • Apr 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (68% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
Board Change • Feb 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).
Upcoming Dividend • Aug 27Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 03 September 2024. Payment date: 12 September 2024. Payout ratio and cash payout ratio are on the higher end at 92% and 95% respectively. Trailing yield: 4.4%. Within top quartile of Moroccan dividend payers (4.2%). Higher than average of industry peers (3.8%).
공시 • May 14AFMA S.A., Annual General Meeting, Jun 11, 2024AFMA S.A., Annual General Meeting, Jun 11, 2024.
Reported Earnings • May 03Full year 2023 earnings released: EPS: د.م60.00 (vs د.م59.32 in FY 2022)Full year 2023 results: EPS: د.م60.00 (up from د.م59.32 in FY 2022). Revenue: د.م258.8m (up 6.2% from FY 2022). Net income: د.م60.0m (up 1.1% from FY 2022). Profit margin: 23% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (122% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Aug 21Upcoming dividend of د.م55.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 06 September 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.6%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: د.م36.74 (vs د.م33.73 in 1H 2021)First half 2022 results: EPS: د.م36.74 (up from د.م33.73 in 1H 2021). Revenue: د.م134.6m (up 15% from 1H 2021). Net income: د.م36.7m (up 8.9% from 1H 2021). Profit margin: 27% (down from 29% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.
Upcoming Dividend • Jul 05Upcoming dividend of د.م54.00 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 21 July 2022. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.4%).
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 09Upcoming dividend of د.م47.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 26 August 2021. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (5.0%). Higher than average of industry peers (2.9%).
Is New 90 Day High Low • Feb 12New 90-day high: د.م1,163The company is up 14% from its price of د.م1,020 on 13 November 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Jan 18New 90-day high: د.م1,132The company is up 9.0% from its price of د.م1,040 on 20 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 14% over the same period.
Is New 90 Day High Low • Jan 01New 90-day high: د.م1,116The company is up 11% from its price of د.م1,005 on 02 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 11% over the same period.
Is New 90 Day High Low • Dec 15New 90-day high: د.م1,050The company is up 4.0% from its price of د.م1,005 on 15 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Oct 06New 90-day high: د.م1,045The company is up 4.0% from its price of د.م1,004 on 08 July 2020. The Moroccan market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period.
Reported Earnings • Oct 05First half earnings releasedOver the last 12 months the company has reported total profits of د.م46.2m, down 13% from the prior year. Total revenue was د.م196.3m over the last 12 months, up 3.0% from the prior year.